German American Bancorp. (GABC) PT Set at $36.00 by Sandler O’Neill

Sandler O’Neill set a $36.00 price objective on German American Bancorp. (NASDAQ:GABC) in a report issued on Tuesday morning. The firm currently has a hold rating on the bank’s stock.

A number of other research analysts also recently commented on the company. BidaskClub downgraded German American Bancorp. from a sell rating to a strong sell rating in a research note on Wednesday, January 31st. Zacks Investment Research raised German American Bancorp. from a hold rating to a buy rating and set a $39.00 price target for the company in a research note on Tuesday, January 9th. Finally, Hovde Group reissued a hold rating on shares of German American Bancorp. in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $38.75.

German American Bancorp. (GABC) opened at $34.57 on Tuesday. The company has a market capitalization of $787.11, a price-to-earnings ratio of 21.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. German American Bancorp. has a 52 week low of $28.71 and a 52 week high of $39.02.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $33.05 million for the quarter, compared to the consensus estimate of $33.76 million. German American Bancorp. had a return on equity of 10.90% and a net margin of 28.47%. analysts anticipate that German American Bancorp. will post 2.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Saturday, February 10th will be paid a $0.15 dividend. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. German American Bancorp.’s dividend payout ratio is presently 36.59%.

In other German American Bancorp. news, Director Chris A. Ramsey purchased 9,884 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was bought at an average price of $35.75 per share, with a total value of $353,353.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chris A. Ramsey purchased 3,977 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $36.00 per share, with a total value of $143,172.00. Following the purchase, the director now owns 16,969 shares of the company’s stock, valued at approximately $610,884. The disclosure for this purchase can be found here. In the last three months, insiders bought 19,808 shares of company stock valued at $708,169. Company insiders own 8.51% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of German American Bancorp. by 54.0% in the second quarter. The Manufacturers Life Insurance Company now owns 252,169 shares of the bank’s stock valued at $8,596,000 after buying an additional 88,447 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of German American Bancorp. by 106.1% in the second quarter. Goldman Sachs Group Inc. now owns 9,254 shares of the bank’s stock valued at $315,000 after buying an additional 4,763 shares during the period. California State Teachers Retirement System lifted its holdings in shares of German American Bancorp. by 34.4% in the second quarter. California State Teachers Retirement System now owns 37,599 shares of the bank’s stock valued at $1,282,000 after buying an additional 9,633 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of German American Bancorp. by 390.2% in the third quarter. GSA Capital Partners LLP now owns 40,933 shares of the bank’s stock valued at $1,557,000 after buying an additional 32,583 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of German American Bancorp. by 45.7% in the second quarter. Nationwide Fund Advisors now owns 14,533 shares of the bank’s stock valued at $495,000 after buying an additional 4,558 shares during the period. Institutional investors and hedge funds own 36.57% of the company’s stock.

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German American Bancorp. Company Profile

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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